The country’s biggest homegrown fastfood company, Jollibee Foods Corp., is expanding its operations in China this year as it plans to open 60 more new stores, which accounts for the bulk of its international expansion program. Jollibee Foods Chairman and Chief Executive Tony Tan Caktiong said during the company’s annual stockholders’ meeting, “Our foregoing expansion [...]

Senator Benigno “Noynoy” Aquino III is insistent about staying in his Time Street residence and not reside in Malacañang palace, once he is finally proclaimed as the country’s next president. This in spite of his neighbors’ and close-in security’s fears of added security risks, and of course, the additional traffic and noise that his continued [...]

Homegrown fastfood giant Jollibee Foods Corp. continues to extend its presence in China as it recently acquired one of the local beef noodle there. In its disclosure to the Philippine Stock Exchange, Jollibee said it will be investing RMB30 million ($4.39 million) to secure 55 percent stake on the San Pin Wang restaurant chain.
Another RMB20 [...]

Recent news on presidential aspirant Gilberto “Gibo” Teodoro’s resignation as chairman of the ruling Lakas-Kampi-CMD came as a shock to everyone. It was clarified though, that despite his resignation of party chairman, Gibo remains to be the presidential bet of the ruling party.
Developments on his resignation from the chairmanship reports that Gibo’s action was a [...]

Every year the SGV Foundation conducts the Search for the Philippines’ Entrepreneur of the Year (EoY) to encourage more entrepreneurs to help bring progress to the country. Recently, it just announced the start for this year’s search.
Nominees for this search must be Filipino entrepreneurs whose business have been in operation for at least two to [...]

Ayala Land Inc. (ALI) continues its expansion plan for the year especially in Mindanao. The property giant is constructing an integrated mixed-use complex in Cagayan de Oro, which is estimated to cost at least P2.5 billion.
ALI senior vice president and chief finance officer Jaime E. Ysmael, in a disclosure to the Philippine Stock Exchange (PSE), [...]

Ayala Land Inc. is looking at developing 32 new projects this year that they have set a capital expenditure budget of P27.17 billion for the projects. These projects include new malls and residential and office towers.
According to company chief finance officer Jaime Ysmael, the funding for the projects would be a combination of internal cash [...]

The Philippine Business for Business for Social Progress (PBSP) recently celebrated its 39th anniversary celebrations, and in line with its anniversary, the organization welcomed into its roster of members 17 new members, which bring its total tally of corporate partners to 255.
The PBSP is one of the country’s largest umbrella organizations for corporate charity work.

The SM Group announced recently that they will be opening up to 20 new stores in Metro Manila and surrounding provinces this year for their food retail unit. The company said it will be investing P1 billion to P2 billion for these projects.

The joint venture partnership between San Miguel Corp. (SMC) and Kirin Holdings Company, Ltd., the San Miguel Brewery Inc., will acquire the international beer business from SMC.
In its disclosure to the Philippine Stock Exchange, SMB and SMBI has signed a share purchase agreement to acquire San Miguel Brewing International Ltd. (SMBIL), San Miguel’s international beer [...]

They could have been prepared with all their firepower, but they weren’t even able to fire them. Because Malacañang beat them to it and lifted the proclamation of martial law in Maguindanao today at 9 p.m. Hence, the Congress decided to terminate the joint session it scheduled for the deliberation of the martial law proclaimed [...]

International Standards Organization or the ISO certification is being eyed by the Manila International Airport (MIAA) on all its three Ninoy Aquino International Airport (NAIA) terminals. It has already signed Service Levels Agreements with 13 airport agencies to kick off its campaign for the ISO certification process for the NAIA Terminals 2 and 3.

And so ends months of speculations as the president of the country finally made known to the public her political plan for 2010. President Gloria Macapagal Arroyo made the official announcement in an interview aired over government radio.
“I will file my candidacy for Congress in order to serve the hardworking people of my home province,” [...]

It’s final! Senator Francis “Chiz” Escudero will not be throwing his hat into the presidential ring, saying that “now is not the time to run for the presidency,” as he announced on Tuesday that he will not be participating in the May 2010 elections except to vote. He made the announcement to his supporters and [...]

Nacionalista Party (NP) presidential bet, Senator Manny Villar, now also has a running mate. Teaming up with Villar to run as vice president is no other than Senator Loren Legarda of the Nacionalist People’s Coalition (NPC). The team-up of the two senators was officially announced last Monday at the historic Laurel House in Mandaluyong City.

With P26.4 billion in cash as of September, with half of which is “readily deployable for investment,” according to the firm’s managing director John Eric Francia, the holding company of Ayala group is looking for more business acquisitions in different sectors where it can make an “impact.”
Francia said, “Investing in new businesses is definitely on [...]

Chikka Holdings Ltd., the pioneer of free web-based PC-to-phone instant messaging system in the country will be acquired by the leading wireless provider Smart Communications, in a transaction that is expected to be completed next month.

Manny Pacquiao has definitely remove all doubts and prove once and for all that he is indeed the best pound-for-pound fighter in the world, as he dominated the fight against Puerto Rican Miguel Cotto, with the referee stopping the match at 55 seconds in the 12th round of their fight at MGM Grand Garden Arena [...]

The Aboitiz company’s Metaphil is once again recommended by TUV SUD for certification maintenance of the prestigious ISO 9001:2000 Quality Management System, with design. An ISO certification is sought by most companies because it is a proof of the companies’ adherence to global quality standards and its commitment to its customers, its workers and its [...]

Corazon Dayro Ong was awarded the recognition as this year’s Woman Entrepreneur of the Year. She was known to be the brain behind the highly successful and innovative food product, San Marino Corned Tuna. The honor was awarded to Ong during the recently concluded Entrepreneur of the Year 2009 awarding ceremonies which was held at [...]